CXMT secures a $3 billion DRAM supply deal with Tencent as China's top memory chip maker prepares a $4.2 billion IPO to expand production capacity.

CXMT has agreed to supply Tencent with about $3bn of memory chips, two people told Reuters, deepening China’s memory self-sufficiency push.

CXMT secures a $3 billion DRAM supply deal with Tencent as China's top memory chip maker prepares a $4.2 billion IPO to expand production capacity.